Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
ISM: US Services Sector Expands for 11th Straight Month in November at Start of Holiday Season; Employment Grows Slightly
–ISM’s Nieves: Jobs Remain Mixed Bag; Some Firms Struggling to Secure Workers –Nieves: New Orders Expected to Show ‘Decent Numbers’ in January-March Quarter –Nieves: Inventory Buildup Due to Holiday and Flu Seasons By Max Sato (MaceNews) – Business activity in the U.S. services sector was in positive territory for the 11th straight month in November […]
White House and Other Schedules for Tuesday, Dec 5
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]